AUTHOR ARCHIVES

Amanda Palleschi

Results 101-110 of 240

Most TSP funds down in May

June 1, 2012 Thrift Savings Plan returns for May continued April’s downward trend, with most funds finishing the month lower than they started. Like April’s returns, all funds ended May in the red except for the F Fund, invested in fixed-income bonds, and the G Fund, comprised of government-backed securities. The F Fund...

Republicans propose federal pension hikes to fund student loan program

June 1, 2012 House Republicans have proposed increasing federal retirement contributions by 1.2 percent over the next three years to pay for a one-year extension of the reduced interest rate for student loans. In a letter to President Obama dated Thursday, Republicans from both chambers of Congress rejected Senate Democrats’ proposal to pay...

Did You Get a Letter From the TSP?

May 31, 2012 As lawmakers, reporters and the FBI continue to look for answers on what exactly happened in July 2011, when cyberattackers apparently infiltrated a computer of a third-party Thrift Savings Plan contractor, we’d like to hear from you about your experiences. If you received one of 123,000 letters sent out to...

House passes bill that would extend pay freeze for some civilians

May 31, 2012 This story has been updated. A spending bill the House approved Thursday night includes language that would effectively extend the two-year pay freeze for some civilian employees. The White House has pledged to veto the measure. The Military Construction and Veterans Affairs appropriations bill, passed 407-12, would prolong the pay...

Is Part-Time Retirement Right for You?

May 31, 2012 We’ve devoted some ink recently to part-time retirement proposals. The House Oversight and Government Reform Committee in April approved a bill that allows retirement-eligible federal employees to continue working scaled back hours and draw a partial salary. And the full Senate has passed legislation that includes a similar proposal, as...

Lawmakers press for answers on Thrift Savings Plan cyber breach

May 30, 2012 Lawmakers in both chambers of Congress have pledged to look into the July 2011 cyberattack on the servers of a third-party Thrift Savings Plan contractor, which compromised the personal information of 123,000 TSP participants. Sen. Susan Collins, R-Maine., is pressing the FBI to explain the lapse of time between when...

Feds are less satisfied with their pay, survey finds

May 29, 2012 Federal workers were less satisfied with their pay in 2011 than in 2010, according to the Partnership for Public Service’s annual Best Places to Work survey released Tuesday. The nonprofit concluded that the dip in employee satisfaction with pay, down 6.1 percent from its 2010 survey to 59.1 points out...

TSP offers free credit monitoring after cyber breach

May 29, 2012 The Thrift Savings Plan advisory board is offering one year of free credit monitoring services to the tens of thousands of TSP participants whose private information was compromised by a sophisticated cyberattack on a government contractor’s computer. The Federal Retirement Thrift Investment Board and contractor Serco Inc. announced last week...

Measures to stop ‘back-door’ base closures win approval in House and Senate

May 25, 2012 Both chambers of Congress have approved measures that attempt to stop the Defense Department from conducting what lawmakers call “backdoor” closures of military bases. The Senate Armed Services Committee included a provision in its markup of the fiscal 2013 National Defense Authorization Bill this week that would temporarily prohibit the...

Cyberattack hits federal Thrift Savings Plan

May 25, 2012 FROM NEXTGOV arrow A sophisticated cyberattack on the computer of a third-party Thrift Savings Plan contractor compromised the personal information of tens of thousands of TSP participants. The Federal Retirement Thrift Investment Board and Serco Inc., a contractor that provides services to the TSP, learned in April of a July 2011 attack on...

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